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34587756
34587784

359 West 290 North, Clearfield, UT 84015 For Sale

AW
UT UT 10275509-AB00
Wadsworth Multifamily
JW
UT UT 9828251-SA00
Wadsworth Multifamily
JW
UT 5495289-PB00
Listed by Wadsworth Multifamily
$5,500,000
1 day on market
Updated 1 day ago

Landon's Corner Townhomes

Details
Property Type Multifamily
Sub Type Apartment Building, Built to rent
Square Footage 24,520
Units 16
NOI $255,855
Occupancy 100%
Tenancy Multi
Pro-Forma NOI $286,042
Price per SqFt $224
Class A
Year Built 2020
Buildings 6
Acreage 1.060
Zoning Residential Multif-Family
Investment Type Core+
Sale Condition N/A

A PREMIER TOWNHOME OPPORTUNITY IN CLEARFIELD UTAH

Marketing description

Landon's Corner presents a rare opportunity to acquire a newer-construction townhome community in the heart of Clearfield, Utah. Featuring spacious three-bedroom townhomes with attached two-car garages, the property offers a highly sought-after housing product that appeals to families, military personnel, and professionals seeking the space and convenience of a single-family home with the benefits of rental living.

Ideally located just minutes from Interstate 15 and Hill Air Force Base, Landon's Corner provides exceptional access to one of Utah's largest employment centers, as well as the broader Davis and Weber County employment corridor. Residents also enjoy convenient access to shopping, recreation, schools, and the growing amenities of northern Salt Lake City.

Supported by Utah's strong population growth, expanding aerospace and defense industries, and limited supply of rental townhome communities, Landon's Corner is well positioned to generate durable cash flow and long-term appreciation.

Investment highlights

LANDON'S CORNER:

  • Newer Construction Townhome Community
  • Spacious Three-Bedroom Townhomes
  • Modern Interiors with Open-Concept Floor Plans
  • Attached Two-Car Garages for Every Unit
  • Highly Desirable Family-Oriented Floor Plans
  • Condo-Quality Units
  • Strong Demand from Hill Air Force Base & Aerospace Employment
  • Excellent Access to I-15 and the Wasatch Front Employment Corridor
  • Located in One of Utah's Fastest-Growing Rental Markets
  • Low-Maintenance—No Majoy CapEx Needs
  • Professionally Managed Community
  • Strong Long-Term Rent Growth Fundamentals
  • Excellent Schools, Shopping & Recreation Nearby
  • Nearly 2X More Expensive to Buy a Home than to Rent in the Ogden-Clearfield Area

THE NATION'S TOP STATE & TOP ECONOMY

  • #2 Best-Performing City in the US: Ogden-Clearfield (Milken Institute, 2025)
  • #1 Best Economic Outlook—19 Years in a Row (Rich States Poor States, 2026)
  • #1 Best State (U.S. News & World Report, 2025)
  • #1 Best State to Move to (ConsumerAffairs, 2025)
  • #2 Best State to Start a Business (WalletHub, 2026)
  • #3 Fastest-Growing State (US Census, 2025)

Listing Contacts

AW
UT UT 10275509-AB00
Wadsworth Multifamily
JW
UT UT 9828251-SA00
Wadsworth Multifamily
JW
UT 5495289-PB00
Listed by Wadsworth Multifamily

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$255,855.00
$21,321.25/mo

Valuation Metrics

0
DSCR
4.65%
Cap Rate
4.65%
ROI

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Additional Information

Name
Andrew Wadsworth
License
UT 10275509-AB00
Name
Jason Wadsworth
License
UT 9828251-SA00
Name
James Wadsworth
License
5495289-PB00
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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